Minority-owned firms face ‘crisis’ as affirmative action programs fall
Minority- and women-owned businesses are bracing for the end of affirmative action in federal contracting—and the potential loss of contracts worth at least $70 billion a year.
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IBJ Podcast: Pete the Planner on Trump’s potential impact on investors, taxes, inflation and the auto industry
The president-elect is expected to employ tariffs to influence trade, loosen government regulations on companies and try to lower corporate taxes. Pete weighs in on potential winners and losers.
U.S. agency says Tesla implies its vehicles can drive themselves. They can’t.
The agency began the investigation in October after getting reports of four crashes involving “Full Self-Driving” when Teslas encountered sun glare, fog and airborne dust. An Arizona pedestrian was killed in one of the crashes.
Election analysis: Telling stats behind Trump’s dominant victory
There is no escaping the fact that former President Donald Trump just experienced a remarkable victory. To put it in context, here are some striking statistics—and what they tell us.
New federal agency kickstarts Indiana kidney project with $44M award
Sen. Todd Young visited the 16 Tech innovation district Monday to underscore the work of a young federal agency that wants to shake up the conventional model of funding biomedical research.
Open Indiana congressional seats not shaping up to be competitive
Indiana’s 3rd, 6th and 8th districts and one of Indiana’s Senate seats don’t have incumbents running this year. But none of the races have emerged as competitive.
Apple, Goldman Sachs ordered to pay $89M for mishandling Apple Card transactions
The Consumer Finance Protection Bureau ordered Apple and Goldman Sachs to pay refunds and penalties for deceiving consumers and mishandled transaction disputes of Apple Card customers.
FTC’s rule banning fake online reviews goes into effect
The rule, which went into effect Monday, allows the agency to seek civil penalties against those who knowingly violate it.
Indiana joins multistate lawsuit seeking to halt federal nursing home staffing rule
A lawsuit filed Tuesday by 20 states challenging a federal rule mandating higher staffing levels in nursing homes alleges that facilities will be forced to close.
Social Security’s scheduled cost of living increase ‘won’t make a dent’ for some retirees
About 70.6 million Social Security recipients are expected to receive a smaller cost of living increase for 2025 than in recent years, as inflation has moderated.
In landmark move, EPA requires removal of all lead pipes within 10 years
The move comes nearly 40 years after Congress determined that lead pipes posed a serious risk to public health and banned them in new construction.
NFL stadiums will soon double as disaster shelters, federal officials say
The Federal Emergency Management Agency and the NFL are partnering to turn football stadiums across the country into emergency shelters, temporary hospitals and other venues needed during disasters.
Google expert at antitrust trial says government underestimates competition for online ad dollars
The government’s case alleges Google has built and maintained an illegal monopoly that restricts choices and inflates costs for online publishers and advertisers.
Congress passes temporary bill to avoid shutdown as lawmakers punt spending decisions to December
Lawmakers in both chambers are anxious to return to their home states and districts to campaign, smoothing the path for passage of the temporary funding fix. But more arduous fiscal negotiations await them at the end of the year.
Congress moving swiftly to fund government, avert shutdown
Congress is expected Wednesday to approve a temporary spending bill that would keep federal agencies funded when the new fiscal year begins next Tuesday.
Congress grills CrowdStrike about multibillion-dollar July tech outage
The July technology failure shut down 911 call centers, handicapped hospitals and stranded airplane passengers around the world.
House OKs permit exemption for semiconductor projects, sending bill to Biden
The U.S. House approved legislation on Monday that would address concerns that environmental reviews and lawsuits will delay construction of domestic chip factories.
TikTok face offs with Justice Department over law that could lead to ban
Before a panel of three judges at a federal appeals court, attorneys for the two sides—and content creators—were pressed on their best arguments for and against the law that forces the two companies to break ties by mid-January or lose one of their biggest markets in the world.
Government orders big U.S. airlines to explain their frequent-flyer programs
Transportation Secretary Pete Buttigieg wrote to the CEOs of American, Delta, Southwest and United on Thursday, asking each for a report on policies, fees and other features of their loyalty program.
COVID-19 government disaster loans saved businesses, but saddled some survivors with debt
The SBA awarded about 4 million loans worth $380 billion through the program. More than $300 billion was outstanding as of late 2023.